Sunday, July 10, 2011

Segment #1: Call for Special Prosecutor on HUD Loan & DOJ Cover-UpFormer U S ProsecutorRichard I Finedescribes how the U. S. Attorney's Office has become involved in the HUD cover-up of a Marina del Rey $125 million loan guarantee for a luxury apartment complex. Following thisrequest for investigationsubmitted to the U.S. Attorney 's office ,a prompt response was received byProfessor Daniel Gottlieb, (in this letter) from the Department of Justice, saying the U.S. Attorney did not conduct investigations. According to Fine this response was proof positive of the spreading cover-up.

Segment #2: Easy Steps On How To Convict Corrupt OfficialsFormer U. S. ProsecutorRichard I. Fine, Ph.D.reveals how easy it is for the U.S. Attorney to call a Grand Jury to obtain Federal indictments on the HUD cover-up of a $125 million loan guarantee on a Marina del Rey apartment complex. He outlines the prosecution process and details the numerous public records available to prove a case under the Racketeering Influence and Corruption Organizations Act (RICO) and how very simple the process is to get convictions involving the L A County Supervisors, Superior Court Judges and Developers in Los Angeles, a case in point, the Marina Del Rey Shores development.

Segment #3: Special Prosecutor Needed on HUD Loan ApplicationFormer US ProsecutorRichard I. Finewarns it is a federal crime when HUD awards a $125 million Loan Guarantee a Marina del Rey apartment complex that has only 54 units reserved for low income residents, that adds up to $2.5 million per low income unit. The remaining 500 luxury units are for high income residents in the development. He calls for a Special Prosecutor to be appointed to prosecute this federal crime.

Segment #4 Experts Reveal DOJ & HUD ActionsThis two-part television series features former U.S. ProsecutorRichard I. FineandDaniel Gottlieb, Ph.D. providing commentary on the involvement of the Department and Justice and HUD o the "Shores" Real Estate development in Marina del Rey that at one time would have been a "sure thing". According to Fine, this project is much more risky and difficult to get HUD financing for a complex that set aside only 54 units for low income residents. Former U S Prosecutor Richard I. Fine describes how HUD funds would have to be are being diverted from low income housing to this luxury 500 unit apartment project even when critical information was withheld on the HUD Application.

Segment #5: U.S. Attorney.......We Don't Investigate CrimesRichard Finetells Full Disclosure that the U S Attorney's claim the DOJ does not investigate crimes is preposterous. He describes how a questionable HUD loan guarantee for luxury apartments in Marina del Rey appears to be a Federal Crime. Fine says the developer's failure to disclose a bankruptcy in their $125 million HUD application is an indication that his Marina del Rey "Shores" project will have an uncertain outcome and could be costly to taxpayers.